Nigeria Bond Bounce Back After Buhari Presidential Election Victory

President Muhammadu Buhari at Uyo Campaign rally

Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer.

The country’s longer-dated bonds were up as much as 0.8 cents in the dollar to extend a more than 10 cents rally since the start of the year.

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